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Tanla Reports Rs 59.06 Cr Loss For Q4-FY13; Revenues Decline 34.1% In FY13

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Mobile VAS company Tanla Solutions saw a decline in its losses year on year, with the net loss at Rs 59.06 crore for the quarter ending March 31, 2013, an improvement from Rs 73.35 crore loss in the same quarter last year. However, this is Tanla’s eight straight loss making quarter and it had last reported profit in the quarter ending March 31, 2011, where it had registered a profit after tax of Rs 2.21 crore.

For the year ending March 31, 2013, the company saw a similar decline in its losses to Rs 147.49 crore for FY13, as compared to Rs 157.43 crore loss in FY12.

Operational Highlights

– Tanla plans to launch its mobile social gaming platform GameOn in the current quarter.

– A social music platform for mobile, Web and Facebook platform is also currently in advanced stages of development and the company plans to launch the platform in the current fiscal.

– Last month, Tanla re-aligned (pdf) its business to limit its carrier payments & platforms business to be India-centric while its patented rights management services will be a global business. As a result, the company is planning to merge its wholly owned subsidiaries in Singapore and the United Kingdom to its Indian wholly owned subsidiary Tanla Mobile Pvt. Ltd (TMPL) and has received board approval for the same.

Financials

The total operational revenues for Tanla Solutions dipped significantly year on year to Rs 29.56 crore for the quarter, down 25.67% from Rs 39.77 crore in the same quarter last year. For the year ending March 31, 2013, the total operational revenues also dipped to Rs 117.39 crore in FY13, down 34.1% from Rs 178.11 crore revenues in FY12.

Note that these consolidated results include results for multiple ventures including Tanla Oy in Finland, its operations in India, Singapore, UAE, Ireland, South Africa, Sri Lanka, Middle East, United Kingdom as well as Tanla’s joint venture with ZED – TZ Mobile.

Overseas vs India Revenues: During the quarter, Tanla saw a 34.05% decline in its overseas revenues to Rs 22.18 crore for the quarter, down from Rs 33.63 crore revenues reported in the corresponding quarter last year. The domestic revenues however increased to Rs 7.38 crore for the quarter, up 20.2% from Rs 6.14 crore revenues in the same quarter last year.

For the year ending March 31, 2013, The overseas revenues registered a significant decline to Rs 92.87 crore for FY13, down 40.25% from Rs 155.43 crore revenues in FY12. The domestic revenues however saw a growth to Rs 24.52 crore in FY13, up 8.1% from Rs 22.68 crore revenues in FY12.

DownloadFinancials

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